As the only team that really made a successful transition from early home computers to modern PCs, Mirinae was the most traditional developer in the 90's and famous for their eager commitment to the domestic gaming industry. The company name stemmed from the old, purely Korean word for the milky way (as opposed to the Sino-Korean term eunhasu, which is used in modern times), and their advertisements would often plead on the gamers' nationalist spirit. In 1994, half of the staff left Mirinae to form Sailon Soft, but the two companies kept cooperating for many years.
In 1996, Mirinae also released their development tools under the title Daejanggan ("The Forge") to the public. They maintained a steady output of well received software until 1997, but due to the publisher withholding payments, Mirinae came into financial troubles and silently slipped into oblivion.
In 2001, members of Mirinae Software formed the new company "Mirinae Entertainment". After the release of only one game, Khan Online, the company was bought by Secure Software, who specialized in security solutions. Not the ideal partnership to begin with, things went drastically worse when Secure Soft bancrupted and its president was arrested for misappropriating over 20 billion Korean Won (more than 22 million US$ at that time). Support for Khan Online ended in October 2009, with Mirinae at the same time disappearing quietly once again.
Founded: February 1987 (team), March 1989 (company).
Key People:
Cho Daeho: Co-Founder, Team Leader
Jeong Jaesung: Co-Founder, President
Yang Jaeyoung: Co-Founder
Source: http://www.hardcoregaming101.net/korea/part1/company-mirinae.htm